All Starbucks articles
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NewsStarbucks global sales down 7%
The coffee chain has suspended its financial guidance for 2025, with new CEO Brian Niccol saying it’s “clear we need to fundamentally change our recent strategy”
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NewsStarbucks acquires franchise group 23.5 Degrees
The undisclosed deal expands Starbucks’ portfolio of company-operated stores by 113, bringing its UK total to 500. In its 2023 accounts, the franchise business reported increased turnover of £83.5m
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Weekend PressIf you want to make fat profits… Take a bite out of these fast-food giants
Change is on the menu for McDonald’s, Starbucks and the other players in the fast food market, This is Money reports
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NewsStarbucks CEO: ‘We weren’t always delivering’
In an open letter as he takes charge of the coffee giant, Brian Niccol says there are opportunities to improve overwhelming menus, inconsistent product, and long waiting times
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Analysis & InsightAutumn menus feature pumpkin spice and all things nice
Classic autumnal flavours, such as maple, cinnamon and pumpkin, make a return to menus, as MCA rounds-up the latest menu launches, featuring Pret, Greggs, Costa Coffee and more
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Weekend PressStarbucks’ $113mn man has a China problem
There is a case for the US coffee group to cut back capital spending and slow expansion plans in the country, the Financial Times reports
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NewsStarbucks replaces CEO
Laxman Narasimhan is being replaced by Chipotle CEO Brian Niccol, after the coffee chain’s sales failed to meet expectations, and activist investor Elliot acquired a stake in the company
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Analysis & InsightHow a jet, board rights and $26mn of olive oil tie Howard Schultz to Starbucks
Governance questions have become more pressing as the coffee chain’s challenges have proliferated
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NewsSSP opens new Starbucks format at Heathrow
The coffee shop, located at Terminal 5, features a new store design which aims to create an ”innovative dining experience”
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NewsPrice hikes and boycotts: Is trouble brewing at Starbucks?
The coffee chain is hitting new resistance from inflation-weary customers just as fights over unionisation and protests related to the Middle East war tarnish the brand
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NewsStarbucks sees sales dip
The coffee giant, which revealed plans earlier this year to open a further 100 stores in the UK, has reported a 4% decline in global comparable sales in Q2
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NewsStarbucks UK plans 100 stores in 2024
Starbucks said it has continued to see growth in the UK coffee market, in spite of the macroeconomic conditions that have impacted the market
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NewsStarbucks paid £7.2m in UK corporation tax despite gross profit of £149m
‘Derisorily low’ tax bill again down to high royalty and licensing payments to parent company, The Guardian reports
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NewsStarbucks to open further 100 UK stores
The coffee giant reported 22% year-on-year sales growth in the UK to £547.7m, with plans to grow its current estate of 340 drive-thrus
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Analysis & InsightSpring menu innovation juggles indulgence, wellness and sustainability
The season’s latest slew of menu updates sees PizzaExpress going large with family-sharing extra dough, ASK Italian use regenerative flour in its pizza, while Leon also opts for a Mediterranean flavour
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NewsStarbucks franchisee announces job cuts amid ‘challenging trading conditions’
The coffee giant recently reported “a negative impact” to its Middle East and US business due to “misconceptions” about its position on the Middle East war
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NewsStarbucks appoints new UK store development director
Darren King previously spent over three years at Stonegate Group, prior to which he worked at Greene King
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NewsApollo ‘in talks’ for Alshaya Starbucks franchise
The private equity firm Apollo Global Management is interested in acquiring a minority stake in the Middle East, North Africa and central Asia Starbucks, according to a Reuters report
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NewsStarbucks hit by political ‘misconceptions’
The coffee giant has revised down its sales forecasts, citing the negative impact in the Middle East and in turn the U.S., where it has been targeted by political protesters
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NewsStarbucks opens biggest UK store in recent years
The new, large-scale site on Princes Street, Edinburgh is a step towards the coffee chain’s target to open 100 new stores in the UK this financial year